Jet airways lenders offer stakes for bids to reduce debt

The consortium of SBI-led lenders Thursday said bids for selling stake would be invited on April 6 and other options would be explored in case the stake sale efforts... Read more »

FY20 starts with a bang as FPIs pump Rs 8634 crore, the highest in April

Overseas investors have infused a net sum of Rs 8,634 crore into the Indian capital markets in the first five trading sessions of April, mainly due to positive market... Read more »

Lakshmi Vijaya Bank to merge with Indiabulls Housing Finance, RBI yet to give an approval

Lakshmi Vilas Bank-Indiabulls Housing Finance merger has been approved by Board.  The proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance will create a much stronger entity. The... Read more »

India shares a list of 380 products with China to bridge trade gaps in exports

India has shared a list of 380 products including horticulture, textiles, chemicals and pharmaceuticals with China as their shipments hold huge export potential in the neighbouring country, an official... Read more »

Fitch Ratings gives India a ‘BBB-‘ with stable outlook

Global rating agency Fitch Ratings on Thursday kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ with a stable outlook. This is the 13th year in... Read more »

Motilal Oswal raises Rs 850 crore through India Realty Excellence Fund

Motilal Oswal Real Estate (MORE) on Thursday released the second close of its India Realty Excellence Fund IV (IREF IV). The fourth real estate fund closed after raising `850... Read more »

IL&FS Financial Services gross NPA at 90%: Uday Kotak

The flagship lending unit of Infrastructure Leasing & Financial Services Ltd (IL&FS) has 90 per cent of non-performing loans, a company executive said on Wednesday, as the current management... Read more »

RBI cuts rate for second time in a row

The Monetary Policy Committee (MPC) held its first bi-monthly policy statement meeting today. The meeting discussed various current and impending macroeconomics situations. The committee decided to reduce the policy repo rate... Read more »

Paytm Payments Bank to offer banking facilities, wants to reach 10 crore customer base in a year

Paytm Payments Bank Limited (PPBL), the country’s largest payments bank, is looking to ramp up its savings bank customer base to 10 crore over the next one year, a... Read more »

Textile major Raymond ventures into realty with Thane project.

Textiles giant Raymond Group on Wednesday has decided to venture into real estate. They will launch a 3.3 million square feet residential project in Thane at a time when the sector... Read more »